Hi
I'm presently getting a discount on my I/O variable IP loan of 1.18% (from Westpac).
I'm thinking of switching to a fixed rate, say 3 or 5 years.
Can I carry the 1.18% discount to the current advertised rate for fixed loans (from Westpac). My simple logic being that the loan itself remains unchanged - $amount/ loan number/ security etc. Its not a "new" loan".
Or do I need to renegotiate a new discount (for the fixed loan).
Many thanks
Tony
I'm presently getting a discount on my I/O variable IP loan of 1.18% (from Westpac).
I'm thinking of switching to a fixed rate, say 3 or 5 years.
Can I carry the 1.18% discount to the current advertised rate for fixed loans (from Westpac). My simple logic being that the loan itself remains unchanged - $amount/ loan number/ security etc. Its not a "new" loan".
Or do I need to renegotiate a new discount (for the fixed loan).
Many thanks
Tony